Terms and Conditions

Last updated February 15, 2025

Effective Date: From Subscription Date

We operate the website: https://www.derevex.com (the “Site”), as well as any other related products and services that refer or link to these legal terms (the “Legal Terms”) (collectively, the “Services”). You can contact us by email at legal@derevex.com.

These Legal Terms constitute a legally binding agreement made between you, whether personally or on behalf of an entity (“you”), concerning your access to and use of the Services. You agree that by accessing the Services, you have read, understood, and agreed to be bound by all of these Legal Terms. IF YOU DO NOT AGREE WITH ALL OF THESE LEGAL TERMS, THEN YOU ARE EXPRESSLY PROHIBITED FROM USING THE SERVICES AND YOU MUST DISCONTINUE USE IMMEDIATELY.

Supplemental terms and conditions or documents that may be posted on the Services from time to time are hereby expressly incorporated herein by reference. We reserve the right, in our sole discretion, to make changes or modifications to these Legal Terms from time to time. We will alert you about any changes by updating the “Last updated” date of these Legal Terms, and you waive any right to receive specific notice of each such change. It is your responsibility to periodically review these Legal Terms to stay informed of updates. You will be subject to, and will be deemed to have been made aware of and to have accepted, the changes in any revised Legal Terms by your continued use of the Services after the date such revised Legal Terms are posted.

The Services are intended for users who are at least 18 years old. Persons under the age of 18 are not permitted to use or register for the Services. You are responsible for ensuring that your use of the Services complies with all applicable local laws and regulations. Derevex is not liable for any violations of local laws by users.

1. Introduction

This Agreement establishes the terms and conditions (“Terms”) under which users (“User” or “Subscriber”) can access and use the services provided by Derevex, a trading platform offering trade packs for cryptocurrency trading, owned and operated by Derevex (“the Company”, “we”, “us” or “our”).

1.1 Account Registration and Access

1.1.1 Free Registration

The User can register for free on the platform. Registration is required to access trading or any other services offered.

After registration, each user will be assigned a unique numeric identifier associated with an account. The account can be denominated in USD (United States Dollars) or in USDT (Tether Cryptocurrency).

1.1.2 User’s Obligations During Registration

The User must provide accurate and truthful information during registration, including their full name, email address, nationality, phone number, and nickname. Any misrepresentation may result in account suspension or termination.

1.1.3 KYC Verification (Know Your Customer)

Verification of each client’s identity is an additional step that can be performed at any time from the profile page and is in any case a necessary step for the users to withdraw money from their Derevex wallet, in order to comply with applicable regulatory requirements.

Derevex employs a third-party service provider to conduct identity verification (ID) and proof of address (POA) checks. The proof of address document provided must be dated within the last six months. By proceeding with our services, you acknowledge and consent to the collection, processing, and verification of your personal data for the purpose of verifying your identity and address.

1.1.4 Personal Account and Data Access

To access their personal area, users must log in using their registered email and password. Once logged in, users can view and manage all their data, including deposits, withdrawals, trade packs they have purchased, trade history, and other relevant information.

Users are solely responsible for maintaining the confidentiality of their login credentials (email and password) and for all activities that occur under their account.

2. Trade Pack Services

2.1 Description of Services

Derevex is a simulated trading platform that provides users with trade packs - virtual allocated trading capital for a specified period. Users can access these trade packs by paying a fee, which grants them the right to participate in simulated trading with the virtual capital for the designated time period. All trading operations conducted on Derevex are simulated to resemble real market conditions using real-time market data. However, it is important to understand that:

  • All transactions performed on the platform are simulated and DO NOT result in actual transactions on real financial markets
  • The trade pack capital provided is entirely virtual and does not represent real capital
  • Trade pack virtual capital can not be withdrawn or used for any other purpose except trading on the Derevex platform
  • The platform uses real-time market data to simulate trading conditions, but no real market orders are executed
  • User profits or losses are calculated based on these simulated trades.
  • The monetary prize is paid out for any profits generated using the trade pack virtual capital. The prize amount is equal to the generated profit derived from the particular trade pack.

This simulation-based approach allows users to experience trading with larger capital amounts while limiting their risk to only the trade pack fee paid.

2.1.1 Trade Pack Features

  • Users receive virtual trading capital for a fixed duration
  • Trading is conducted with real market conditions
  • Profits generated during the trading period are paid to the user in the form of a monetary prize equal to the profit amount
  • Maximum risk from the user perspective is limited to the trade pack fee
  • Position sizes and leverage are controlled by platform parameters
  • The trading period is strictly enforced
  • Trade pack duration could be extended on request for an additional fee

2.1.2 Trade Pack Types and Fees

Trade packs vary by:

  • Duration period
  • Amount of allocated virtual trading capital
  • Applicable markets
  • Purchase fee

Specific trade pack details and current pricing are available on the platform’s trade pack purchase page.

3. Platform Operations

3.1 Platform Sections

The operational platform is divided into the following sections:

  • Market selector: Displays the list of all available markets available for trading
  • Charts: Shows the chart for the selected financial instrument
  • Order Entry: A section dedicated to placing market, pending, take profit, and stop-loss orders
  • My Orders: A summary section showing active, pending, and closed orders
  • Trade Pack Information: Displays current trade pack information and performance

3.2 Order Types

Orders can be categorized into:

  • Market Orders: LONG (BUY) and SHORT (SELL)
  • Pending Orders: Includes Buy Limit, Sell Limit, Buy Stop, and Sell Stop orders
  • Stop Loss Order or Stop Loss Order Feature: This tool limits potential losses
  • Take Profit Order or Take Profit Order Feature: This tool locks in profits

3.3 Execution Rules

Best execution ensures that orders are executed under the best possible conditions, considering price, cost, speed, and execution probability. All orders placed on the Derevex platform are executed at the first available best price.

3.4 Trades: Profit and Loss Calculation

The formula for determining the percentage of Profit and Loss (P&L) for individual trades is as follows:

  • BUY: ((Current Price (BID) - Open Price) / Open Price) * Quantity
  • SELL: ((Open Price - Current Price (ASK)) / Open Price) * Quantity

For trade pack trading, the trade or order quantity is denominated in the quoted currency of the target market.

4. Payments and Fees

Registration is free, but to participate in simulated trading, users must deposit funds into their unique wallet on the platform. Each wallet is assigned to the user after successful registration and verification.

4.1 Trade Pack Fees

  • Trade pack fees are non-refundable unless specified otherwise
  • Fees vary based on capital allocation and duration
  • All fees must be paid upfront before trading access is granted
  • Fees are clearly displayed before purchase

4.2 Profit Distribution

  • Profits are calculated at the end of the trade pack period
  • Profit payments are processed as soon as possible, but no longer than 1 business day
  • Users must complete KYC verification before profit withdrawal
  • The platform reserves the right to delay payments for security checks

4.3 Deposits and Withdrawals

4.3.1 Deposit Methods

Derevex accepts deposits through:

  • Cryptocurrency
  • Other supported payment methods as listed on the platform

4.3.2 Cryptocurrency

Derevex accepts cryptocurrency payments facilitated by a third-party, regulated crypto gateway provider based in Europe and the USA. This provider operates independently of Derevex and manages the acceptance of various cryptocurrencies. Payments made in any cryptocurrency supported by this provider will be converted into USD or USDT for processing purposes. The minimum cryptocurrency deposit amount is 1 USDT.

4.3.3 Withdrawal Methods

  • Withdrawals are processed in cryptocurrency
  • Minimum withdrawal amounts apply
  • KYC verification is required for all withdrawals
  • Processing time is typically 1-3 business days

Withdrawals are currently only available in Crypto, not via wire transfer.

Users must withdraw funds from their wallet in USDT on the TRON network.

4.3.4 Withdrawal Times

All withdrawal requests are reviewed and authorized by us to ensure the security of all users. The maximum time for processing withdrawal requests is 5 business days.

4.4 Fees and Charges

4.4.1 Deposit and Conversion Fees

Cryptocurrency deposit fee: the cryptocurrency payments provider applies a fixed 1% fee on all cryptocurrency deposits. The amount of the fee varies and is shown when choosing the amount to be deposited.

All remaining costs due to network fees are clearly shown during the deposit process. These costs will be charged directly to the user by the provider and are the sole responsibility of the user.

4.4.2 Withdrawal Fees

A fixed fee of 5 USDT will be charged to the user for each withdrawal. In the event that a user does not successfully complete the KYC process (see subsection 1.1.3) whether due to age restrictions, insufficient proof of address, AML Anti-Money Laundry, or any other related reasons, Withdrawal will not be initiated or authorized. Derevex platform is not liable for any players who do not successfully complete the KYC process and cannot proceed with their withdrawals.

4.5 Refunds and Compensation

In the event of platform malfunctions, whether internal or external, Derevex may, at its sole discretion, refund the trade pack fee paid by the user. This applies regardless of when during the trading period the issue occurs.

Derevex reserves the sole discretion to decide whether a refund will be issued. The refund will be limited to the trade pack fee only, and no other amounts or fees (including service fees, transaction fees, or additional costs) will be refunded.

The maximum refund amount is limited to the original trade pack fee. No compensation will be provided for:

  • Theoretical profits or position losses
  • Market opportunities missed
  • Trading strategies that could have been implemented
  • Any other form of potential gains
  • Any other circumstances that may arise due to malfunctions

4.5.1 Refund Request or Malfunctions Reporting

Refund requests or reports of malfunctions can be submitted either through the platform in the Support section or by emailing support@derevex.com. Refunds will be processed within 90 days of approval of the request, if applicable. Claims must be submitted within 7 days of the incident. Derevex will attempt to resolve issues in a timely manner.

4.6 Bonus and Promotions

All bonuses, promotional offers, and their applicable terms, both current and future, are governed by these Terms and Conditions. By accepting these Terms, the user agrees to automatically adhere to the rules applicable to any bonuses made available by our platform, unless otherwise specified in dedicated communications. Details of promotions will be communicated via email or other official channels of the platform. We encourage users to regularly review these communications to stay informed about available offers.

5. Platform Malfunction and Technical Issues

5.1 Technical Issues

  • The platform may experience technical issues that affect trading
  • Derevex will attempt to resolve issues in a timely manner
  • Users should report issues immediately to support@derevex.com
  • The platform may suspend trading during technical issues

6. Account Suspension and Termination

6.1 Account Deletion

Users have the right to delete their account at any time by contacting our support team at support@derevex.com. Deleting an account will result in the permanent loss of access to account functionality, account data, and any unused funds in the wallet.

Account deletion requests will be processed within 30 days, and any personal data associated with the account will be deleted in accordance with our Privacy Policy. However, certain data may be retained to comply with legal or regulatory obligations. In the event of a violation of the Terms, we reserve the right to suspend or delay the deletion of the account until the issue is resolved.

6.2 Account Suspension and Termination

Accounts may be suspended for:

  • Severe violations of terms
  • Fraudulent activity
  • Extended periods of inactivity
  • At the user request

We reserve the right to suspend user accounts at our sole discretion in the following situations:

  • Violation of Terms: If a user is found to be in violation of our Terms and Conditions.
  • Suspicious Activity: If there is suspicious behaviour or unauthorized use of the platform.
  • Ongoing Investigations: If an account is under investigation for potential abuse or fraud.
  • Compliance Issues: The user may be suspended if reports are received from compliance regarding AML (Anti-Money Laundering) or other legal matters.
  • Unsportsmanlike Conduct: If a user engages in behaviour deemed unsportsmanlike, including but not limited to attempting to form agreements with other users or collaborating in any manner that undermines the integrity of the platform. All users are expected to trade individually, and any attempt to collaborate with others may result in suspension.
  • Violation of Trading Rules: Traders are strictly prohibited from reverse copy trading another trader or copying a trader’s operations with the intent to stay ahead or gain an unfair advantage. If caught doing this, the user trading permissions will be suspended and their profits forfeited.

During suspension, users may not be able to trade but will retain access to their funds in the wallet. The suspension will remain in place until the issue is resolved, and Derevex reserves the right to determine whether to reinstate or terminate the account following the investigation. It is not guaranteed that the account will be reactivated.

6.2.1 Reactivation Timeline

We reserve the right to suspend user accounts at our sole discretion in the following situations: We will aim to complete the investigation and communicate the status of the account within 30 days from the date of suspension. If the account is found to be in compliance with the Terms, it may be reactivated at our discretion, and the user will be notified accordingly.

7. Use of the Platform and User Responsibilities

By using Derevex, the User acknowledges and agrees to the following:

7.1 Gaming Risks

  • The trade pack trading outcomes depend on skill and do not involve any form of gambling.
  • The User is solely responsible for any winnings or losses from trading with trade packs, and Derevex does not guarantee any outcomes or profits.
  • The only risk the User assumes is the entry fee required to buy the trade pack. This fee is the only potential loss incurred by the User, and Derevex does not expose users to any further financial risk.
  • The User assumes all risks associated with trading with the trade packs, including the potential for losses. Derevex makes no guarantees regarding profits or outcomes.

7.2 Compliance with Local Laws (E-sports):

  • The User must comply with all applicable laws, including those related to e-sports, in their jurisdiction.
  • The User is responsible for ensuring that their use of trade packs and use of the platform adheres to local laws and regulations.
  • Derevex is not liable for any violations of local laws by the User.

8 Simulated Trading and Non-Financial Nature of the Platform

Derevex is an e-sports platform that provides a simulated trading environment where operations on financial markets DO NOT involve real transactions or exchanges of money on the real financial markets.

The platform DOES NOT offer real trading services and DOES NOT fall under financial regulations.

The User acknowledges that by using Derevex’s trading features, all trading operations are simulated and conducted in a competitive context based on skills without involving the purchase or sale of real financial instruments.

9. Intellectual Property

Derevex is the exclusive owner of all intellectual property rights related to the platform, its content, trademarks, logos, designs, and any other digital resources or materials used in connection with the platform and services offered. Users are authorized to use the platform and its content solely for personal and non-commercial purposes unless expressly permitted by these terms or specific agreements. Affiliates, who are subject to separate contracts, may use the platform for commercial purposes, but only for authorized activities and in accordance with the specific conditions set forth by Derevex. Any other use, reproduction, distribution, modification, or commercial exploitation of Derevex’s intellectual property, without prior written authorization, constitutes a violation of rights and may result in legal actions, including but not limited to, damages and legal sanctions.

10. Market Data and External Providers

Derevex relies on external data providers for the prices and simulated market information used in trading. The data provided on the platform comes from third-party sources and is identical for all participants.

The platform is not responsible for any discrepancies, variations, or delays in market data. The accuracy and timeliness of the data depend solely on external providers. Any fluctuations or anomalies in the data are outside the control of the platform.

11. Governing Law and Dispute Resolution

This Agreement is governed by the laws of the Cayman Islands. Any disputes will be resolved through arbitration according to the rules of the relevant arbitration body.

12. Limitation of Liability

Derevex shall not be liable for any indirect, incidental, or consequential damages arising from the use of the platform. The maximum liability shall not exceed the trade pack fee paid by the user.

13. Contact Information

For questions or assistance, contact us at:

13. Modifications to the Terms

Derevex reserves the right to modify or update these Terms at any time. Updates will take effect upon posting on the website. Continued use of the platform constitutes acceptance of the changes.

The information contained on this website is intended for a general audience, excluding residents of countries or jurisdictions listed by the FATF, as well as the following countries: Iran, North Korea, Cuba, Sudan, and Syria. We regret to inform you that we cannot accept residents from these jurisdictions.